Treasury Department

Trump could solve the housing crisis with no help from Congress

Trump could solve the housing crisis with no help from Congress

The president should unwind the federal government’s stake in Fannie Mae and Freddie Mac, and direct the proceeds to a housing remainder trust designed to close critical gaps in real estate lending, writes Joshua Rosner, of Graham Foster & Co.Adobe Stock America’s post-pandemic paradox is clear: The economy keeps adding jobs, but the supply of […]

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Top Treasury official wants to ‘Americanize’ any Basel rule

Top Treasury official wants to ‘Americanize’ any Basel rule

Stefani Reynolds/Bloomberg The Treasury Department is working with the bank regulators to finish the U.S.’s Basel committee-pursuant capital standards with an eye to clearing obstacles for American firms and “harmonizing” regulation of the financial system, the deputy secretary said Friday. Michael Faulkender said parts of the capital framework issued by the Basel committee would be

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